Cash US equity markets are open and that has prompted the now ubiquitous buying-panic in whatever has some momentum - Nasdaq in this case. The Dow is rolling lower and WTI is suddenly getting monkey-hammered...

Nasdaq has surged back above the pre-Powell-Plunge highs...

And as Nasdaq surges, WTI plunges, erasing the gains from earlier comments by the U.S. energy secretary, who ruled out the release of emergency crude reserves.